Alma Media - Company Announcement

Alma Media: Share subscription price with stock options 2009A and market value of stock options 2009A

Alma Media Corporation Stock Exchange Release 4 May 2009 at 15.05

ALMA MEDIA: SHARE SUBSCRIPTION PRICE WITH STOCK OPTIONS 2009A AND
MARKET VALUE OF STOCK OPTIONS 2009A

The share subscription price for a stock option 2009A is EUR
5.21/share (the trade volume weighted average quotation of the share
on the NASDAQ OMX Helsinki Oy during 1 April-30 April 2009). Each
year the dividend is deducted from the subscription price.

A total of 710,000 new shares or existing shares held by the Company
can be subscribed for with stock options 2009A. The share
subscription period for stock options 2009 will be 1 April 2012-31
March 2014.

The theoretical market value of a stock option 2009A is EUR
1.57/stock option. The theoretical market value of all of the stock
options 2009A is thus approximately EUR 1.1 million. The theoretical
market value of one stock option has been calculated through the use
of Black & Scholes stock option pricing model with the following
input factors: share price EUR 5.08, share subscription price EUR
5.21, risk free rate 3.0%, validity of stock options 5 years and
volatility 30%.

The terms and conditions of the Stock Options 2009 are available on
the company's internet pages www.almamedia.fi/option_programmes.

Alma Media Corporation
Mikko Korttila, General Counsel

For further information, please contact:
Alma Media Corporation, Mikko Korttila, tel. +358 10 665 2201


DISTRIBUTION:

NASDAQ OMX Helsinki Ltd.
Main media
www.almamedia.fi


Alma Media in brief

Alma Media is a profitably growing and internationally expanding
company that invests in the future of newspapers and online media.
It's best known products are the Aamulehti, Iltalehti, Kauppalehti
and Etuovi.com.

Net sales in 2008 totalled EUR 341 million and the operating margin
was over 14%. The company's share is listed in the Mid Cap segment of
the NASDAQ OMX Helsinki Exchange, trading code ALN1V.